OTCPK:WSRLF - Post by User
Comment by
canadafoxon Oct 30, 2012 10:32am
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Post# 20538798
RE: Halted->3 months
RE: Halted->3 months Olmert; It is the KRG that principally mandate the well & testing program as K-2 is a re-drill of K-1 and so is effectively a commitment well. The partners have no option to drill it through all reachable reservoirs and test everything to retrieve as much data for themselves and the government. It is not WZR's fault that the Eocene and Cretaceous are 'not commercial' ( at this location ). That's life in the E&P business. The great shame is the appalling incompetence of TLM in failing to efficiently execute the completion & testing program through simple lack of QA/QC. We should have completely finished this well and been drilling K-3 by now.